Saturday, January 12, 2013

DailyMarkets.com - Peru Holds Rate Steady As Inflation Continues To Fall

DailyMarkets.com - Peru Holds Rate Steady As Inflation Continues To Fall

Peru Holds Rate Steady As Inflation Continues To Fall

Posted: 11 Jan 2013 05:54 PM PST

    The central bank of Peru held its monetary policy reference steady at 4.25 percent, as expected, saying inflation continues to ease and economic growth is close to the country’s potential growth rate.
    The Central Reserve Bank of Peru (BCRP), which has held interest rates unchanged since April 2011, said inflation in 2013 should gradually converge to the bank’s 2.0 percent target due to “the improvement of food supply conditions and due to a pace of growth of economic … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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